Nepal SBI Bank enters into agreement with Progressive Finance; customers of finance company to receive bank’s non-fund-based services

Nepal SBI Bank Ltd. and Progressive Finance Limited have entered into an agreement to provide non-fund-based banking facilities to the customers of Progressive Finance Limited.

Under this agreement, Progressive Finance Limited customers will be able to avail of Nepal SBI Bank Letters of Credit, Document against Payment (DAP), Document against Acceptance (DAA), Local Bank Guarantee, etc.

The agreement was signed by Md. Rizwan Alam, Deputy CEO & Chief Financial Officer of Nepal SBI Bank Ltd., and Mr. Maheswar Pahari, Deputy CEO of Progressive Finance Limited in presence of Mr. Yadvender Kant, Chief Operating Officer, Mr. Chhapi Raj Pant, Advisor, Mr. Prabin Muni Bajracharya, Senior Manager, Business Development Department and Mr. Pawan Ghimire, Head-TFCPC, along with Mr. Shalik Ram Chapagain, Executive Manager, Progressive Finance Limited.